Energy transition is happening globally and in Australia and Germany. It is occurring in response to rapidly changing technology costs and as countries move to implement policies in line with the Paris Agreement goals. This transition poses policy and technological challenges. If managed well, it can also deliver great economic opportunities in both Australia and Germany.

Insights about the implications of the global energy transition for Australia and Germany that have become evident from the Energy Transition Hub’s work. A series of papers have been published by the Energy Transition Hub to share these insights.

This paper focuses on the important role that policy has to play. A cost-effective, timely energy transition that unlocks the potential for new industries, supports affected regions, and protects eco-systems is not guaranteed – it is an outcome achievable in both Germany and Australia with effective policy. 

This is one paper in a series of four as part of the Energy Transition Hub's Synthesis Reports.